4 Stocks Driving The Banking Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 47 points (0.3%) at 15,382 as of Tuesday, May 21, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,570 issues advancing vs. 1,367 declining with 136 unchanged.

The Banking industry currently sits down 0.22 versus the S&P 500, which is up 0.2%. Top gainers within the industry include Wells Fargo ( WFC), up 1.2%, and Citigroup ( C), up 0.4%. On the negative front, top decliners within the industry include Lloyds Banking Group ( LYG), down 1.57, HDFC Bank ( HDB), down 1.34, Mitsubishi UFJ Financial Group ( MTU), down 1.18 and Banco Santander ( SAN), down 0.70.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Bank of Montreal ( BMO) is one of the companies pushing the Banking industry higher today. As of noon trading, Bank of Montreal is up $0.76 (1.25) to $61.45 on average volume Thus far, 234,800 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 496,100 shares. The stock has ranged in price between $60.49-$61.47 after having opened the day at $60.68 as compared to the previous trading day's close of $60.69.

Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. Bank of Montreal has a market cap of $39.4 billion and is part of the financial sector. The company has a P/E ratio of 10.0, below the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Bank of Montreal a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. Get the full Bank of Montreal Ratings Report now.

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